egypt fintech

Is France seeking to mend ties with Morocco?

French foreign minister Catherine Colonna will pay a visit to Morocco on Dec. 15-16 to discuss bilateral ties with her Moroccan peer Nasser Bourita after a period of faltering ties on the backdrop of France’s limiting number of visas for Moroccans. The news was relayed by the AFP which also cited Colonna saying she will […]

Libya: Oil output on decline, suspended NOC chairman says

Libya’s oil production has dwindled from one million and 300.000 barrels per day (bpd) to one million and 260.000 due to leaks in pipelines, the suspended chairman of the National Oil Corporation Mustafa Sanallah has revealed. The oil-rich African country lost 600 million dollars in lost selling opportunities due to lack of maintenance and huge […]

Morocco overhauls microfinance regulations with expanded credit limits

Morocco’s microfinance sector faces significant transformation as proposed regulations dramatically increase lending limits and introduce new deposit frameworks, positioning microfinance institutions as crucial intermediaries for small business financing. The draft decree, implementing Law 50-20 on microfinance, establishes differentiated credit ceilings based on institutional structure and client profiles. For associative microfinance institutions serving low-income populations, limits […]